US Patent Issued to MARA Holdings on April 14 for "Systems and methods for decreasing counterparty settlement risk" (Nevada Inventor)

ALEXANDRIA, Va., April 15 -- United States Patent no. 12,602,692, issued on April 14, was assigned to MARA Holdings Inc. (Las Vegas).

"Systems and methods for decreasing counterparty settlement risk" was invented by Ashu Swami (Las Vegas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Apparatus, systems and methods improve efficiency in transacting a swap or other futures based financial instrument, by using time-weighted index averages to decrease counterparty settlement risk. In preferred embodiments related to Bitcoin and several other cryptocurrencies, the swaps are based upon a time-weighted index average (Dwa) of multiple instances of difficulty (Dx to Dy) of mining the cryptocurrency over multiple time...